Report
Jean-François Granjon

Tarkett : Margins show good resilience

>H1 results beat our estimates - After a fairly good first quarter (EBITDA almost stable at € 42.4m), Q2 naturally reflected the health crisis. Nevertheless, the interim results came out higher than our estimates, underpinned by strong momentum in June. First-half sales show a decline in organic growth of 12.6%, of which -20.3% in Q2, and first-half EBITDA reached € 106.3m (€ 73.8m estimated) vs. € 126.7m (-16.1%).A prudent approach to be maintained for H...
Underlying
Tarkett SA

Tarkett is a global flooring company, providing a large range of flooring and sports surface solutions to business and residential end-users. Co. is organized in four segments: Europe, Middle East and Africa (“EMEA”); North America; Commonwealth of Independent States (“CIS”), Asia Pacific (“APAC”) and Latin America; and Sports Surfaces.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean-François Granjon

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